I wish those were my lines,but they're not... Picked 'em up from a "friend's" blog...
I'm not an economic expert not have I done any course even remotely related to understanding the effects of the global economic situation on our little worlds. But when they start hiking the prices of eatables,vegetables and everything that 'money can buy',it pisses me off!
Some things that strike me as amazing about our current global situation are--
• We don't have sufficient funds anywhere,there's a shortage of dollar,dinar,pound and rupee,yet the U.S just spent $5.3 billion for their presidential elections. That includes the $2.4 billion spent just for the Presidential race.
• We have the world's best business 'experts',trade analysts,not to forget,an incredibly large number of billionaires and co. Yet one crisis like this could not be predicted and corrected on time. I'm engulfed by a large feeling of futility in pursuing any higher studies,considering the effect it will have (or rather not have) on making the world better.• While a financial crunch is gripping our b**ls,we're sending a bloody expensive Chandrayaan mission to the moon to do God-know-what. Our consolation being that compared to the moon missions of other countries,our mission was most economical. It's like a bachelor purchasing a set of nighties because they were at a 50% discount! Being economical does not justify the purpose of the mission itself. What is the use of this mission anyway? and many other such global missions(exclude satellites) to find intelligent life in the Universe when there's a clear absence of it on our own planet..
• Forget the niceties of the global whatever. We've got 'smart' traders messing with the stock market all the time! Akin to poking at a beehive and then doing it again when it didn't give you a painful answer. :) Starting at 9.55 in the morning,when houses go buzz with the opening bell of the market, to the end of the day's trade, this tampering keeps going on. The genuine traders are trying to balance the Bull-Bear tussle,while the illegitimate ones are making moolah out of the tampering. Foreign investors are pumping in cash only to be raked in by bad decisions by the people at the helm.
• Vegetable rates have started soaring to astronomical figures(figuratively!). While the middle-class and the upper strata can afford to still fill their bellies, the poor may find it difficult to even afford 2 meals a day. We talk of progress and 10,20 year plans which are mere hog-wash considering that food has become a luxury.
• and the privileged ones are callous about being the privileged lot! It has become a taken-for-granted situation where we let out a few sighs on reading about inflation and then flip the page nonchalantly.
• Jobs have become so insecure that senior employees are knocking knees at the prospect of losing their jobs,not to forget,the under grads who're itching to know if their jobs will be there by the time they're done with gruelling years in completing their degrees.
• Crude oil rates per barrel have gone down considerably,but there is no proportionate decrease in the rates of petrol/diesel for consumers. Of course,no measures can be taken without active involvement of the government. IOCL, an erstwhile profitable company has recorded losses of Rs.7047 crore this quarter,its first loss in 9 quarters. It has been attributed to inventory valuation losses and increase in interest expenditure due to high interest rates. Why is the global reduction in prices not affecting us positively, when the global economic crisis has been devastating? Who's to blame for not letting the good oil trickle down to ease up the economic machinery of our country?
It may seem futile at our age to give such things undue importance,but it's good to know what instability we're stepping into. These changes have not been abrupt ones,it has taken years of piling up of the deck to finally cause this unstable house of cards that personifies the debacle our economy resembles. I don't know what my parting words will be,knowing that they may not make much of an impact anyway. But what I know for sure is that it is going to take an immense amount of talent and discipline to get us back on track.
Let's just hope that this time,we can find the right balance of ingredients-
A healthy mix of astuteness and precocity combined with morality. The addition of quality corporate ethics,patriots with an ounce of greed less than the next guy and visionary leaders into a country-first political bowl. Add a little yeast of youth. And humbly watch the dough of global stability rise.
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